A Fujifilm Holdings executive said on Monday that the company has proposed an alliance with scandal-tainted Olympus Corp, adding that there were areas in which the two rivals could co-operate without infringing on anti-trust regulations.

Fujifilm, which sees synergies between Olympus's endoscopes and Fujifilm's IT systems, ultra-sound and X-ray technologies, has made a proposal through Olympus's financial advisor Nikko SMBC, the executive said.

Fujifilm made tie-up offer to Olympus

A Fujifilm Holdings executive said on Monday that the company has proposed an alliance with scandal-tainted Olympus Corp, adding that there were areas in which the two rivals could co-operate without infringing on anti-trust regulations.

A Fujifilm Holdings executive said on Monday that the company has proposed an alliance with scandal-tainted Olympus Corp, adding that there were areas in which the two rivals could co-operate without infringing on anti-trust regulations.

Fujifilm, which sees synergies between Olympus's endoscopes and Fujifilm's IT systems, ultra-sound and X-ray technologies, has made a proposal through Olympus's financial advisor Nikko SMBC, the executive said.